secwatch.observer — SEC 8-K summary
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Issuer:     COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK:        0001058290
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001058290-23-000329
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cognizant Q3 revenue $4.9B (+0.8% YoY); record bookings $26.9B; guidance narrowed
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- Revenue $4.9B, up 0.8% YoY (down 0.2% constant currency); GAAP EPS $1.04 vs $1.22; Adjusted EPS $1.16 vs $1.17.
- Record trailing 12-month bookings of $26.9B, up 16% YoY; operating cash flow $828M; free cash flow $755M.
- Full-year 2023 revenue guidance narrowed to -0.7% to flat; adjusted operating margin guidance raised to ~14.7%.
- Share repurchase expectation increased by $200M to $1B; voluntary attrition 16.2% (down 13 pts YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058290/000105829023000329/0001058290-23-000329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058290/000105829023000329/ctsh-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001058290-23-000329

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer